$BTC
Here’s an updated snapshot on Bitcoin (BTC):
📉 Current price: about $103,491 USD
Intraday range: $102,609 – $106,451
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📈 Market Context & Analysis
1. Recent performance
Bitcoin briefly surged above $106,000 on June 20, but has since pulled back within the $103k–$104k range .
It remains steady above $100k, showing resilience amid market fluctuations .
2. Volatility triggers
Geopolitical tensions (e.g., Middle East uncertainty, triple-witching options expiry) have fueled short-term volatility .
The U.S. Federal Reserve’s interest rate stance continues to impact crypto markets
3. Institutional activity
Over $1 billion in inflows into bitcoin spot ETFs this week signal strong institutional confidence .
In the backdrop, multiple companies are accumulating BTC, contributing to supply pressure above $110k .